Motivation Crowding in Peer Effects: The Effect of Solar Subsidies on Green Power Purchases
研究太阳能补贴如何影响邻居自愿购买绿色电力，发现补贴高时太阳能板反而减少同伴的绿色电力购买，表明经济激励会改变信号从而影响同伴效应。
Abstract I test whether economic incentives impact peer effects in public-good settings. I study how a visible and subsidized contribution to a public good (installing solar panels) affects peer contributions to the same good that are neither subsidized nor visible (electing green power). Exploiting spatial variation in the feasibility of installing solar panels, I find that on average panels increase voluntary purchases of green power by neighbors. However, when subsidies to solar are high, solar panels reduce peer contributions. The results support the hypothesis that signals drive peer responses to visible public-good contributions and that economic incentives alter those signals.